I'm for bang-for the_buck also, However if it is even possible now days without special tools, rebuilding as you say would make building a ship inside a bottle easier than passing gas.
I haven't had a alternator split apart for years and something I read somewhere (I think it's a real bear)
Wish my "fogetter" didn't work so good?
The way they engineer parts nowdays trying to control cost, the alternator is on the ragged edge. I haven't heard anyone comment what sorta failures they are seeing. The diodes are always suspect besides the brush bounce???
Also I would love the hear the reasonsing behind putting the 175 amp fuse between the alternator and battery?
I know I find off-beat things to wonder about?

All part of been there done that getting older.
Paul
N8BUU